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Bank Indonesia kept its seven-day reverse repo rate at a record-low 3.5% and extended measures to support domestic demand. Governor Perry Warjiyo said rate moves are unlikely until the fourth quarter of 2022.
Low rates and loose liquidity support Indonesian demand and the rupiah, with limited direct effect on feed commodity prices.
financialpost.comBloomberg NewsOct 19, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
